Deacons Corner

Vacant Land for Sale
Catylist Listing ID: 30671801
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Other
Gross Land Area: 2.32 Acres
Sale Price: $2,000,000
Unit Price: $862,068 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/15/2021

Overview / Comments

INVESTMENT HIGHLIGHTS
Deacon’s Corner represents the opportunity for a purchaser to acquire a property with the following highly sought-after investment and development characteristics:
• Perfect for car or truck dealership, developer building flex-commercial space, light warehouse, showroom
• Excess land is just over (+/-) 1.3 acres, leaving room for a 16,000 square foot building with 30% site coverage
• Built in 2015, the 3,000 square foot CRU is fully leased to Subway and Little Caesars, with terms extending into 2025 and 2028, respectively
• Additional revenue from both an easement agreement with the neighbouring Tim Hortons property and the existing pylon signage, with opportunity for revenue growth by leasing remaining sign panels to new tenants
• Investors can build to suit for existing tenant, build for their own business or build on spec to attract new businesses interested in joining the existing busy corner
• Deacon’s corner is offered for sale with no debt to be assumed, it is “free & clear”, allowing prospective purchasers the opportunity to take advantage of historically low mortgage rates

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: R04
Tax ID/APN: 9700.000
Zoning: CH

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Contact

Photograph of Listing Agent

Brett Intrater

Cushman Wakefield Winnipeg
CPIX® Member
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